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DATA SYSTEMS DEPOT, INC. SIGNS LETTER OF INTENT

NORTH LAUDERDALE, Fla., March 7 /PRNewswire/ -- On March 4, 1996, Data Systems Depot, Inc. (OTC Bulletin Board: DASA) executed a letter of intent pursuant to which, among other things, American Spindle and Parts, Inc. would become a wholly owned subsidiary of Data Systems Depot, Inc. Upon consummation of the transaction, Data Systems Depot, Inc. will exchange 1,862,000 shares of its common stock for all of the issued and outstanding common stock of American Spindle and Parts, Inc., which stock is held by Rudy Schnitzer, President of American Spindle and Parts, Inc. Counsel for the participants are presently preparing an agreement in conformity with the letter of intent.
 -0- 3/7/96


/CONTACT: Barry Klein, Data Systems Depot, Inc., 305-977-0096/

(DASA)

CO: Data Systems Depot, Inc.; American Spindle and Parts, Inc. ST: Florida IN: CPR SU: TNM

RK-KW -- FLTH012 -- 1247 03/07/96 15:25 EST
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Publication:PR Newswire
Date:Mar 7, 1996
Words:147
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